Secured Boat Loans
Why Use Jade Boat Loans?
Cheap boat loan interest rates
Your Jade Boat Loans consultant is only focused on your interests and has the skills and industry experience to know who will offer the best rates on your particular loan specs.
Using Jade is the right decision
Jade Boat Loans is the broker that specialises in leisure and watercraft finance and can source you the best loan.
A company that delivers
Your Jade Boat Loans consultant is only focused on your interests and has the skills and industry experience to know who will offer the best rates on your particular loan specs.
Affordable, attractive and accessible loan solutions
Jade Boat Loans provides affordable, attractive and accessible finance solutions to enable individuals to buy their dream boat.
As Australia’s leading marine lending specialists, we’re experts in sourcing the cheapest boat loans to ensure your boat owning dream becomes a reality.
As professional finance brokers, we work for you, negotiating the best boat loan from our wide network of lender contacts.
A Secured Personal Boat Loan is the most popular type of loan for purchasing many types of boats. If you’re considering a family runabout, sports fisher, sailing boat or racing yacht or a top of the range, fully decked out luxury cruiser, we can source the best value loan for you.
Don’t wait, get started with secured boat loan
The easiest way to know how a Secured Loan will work for the boat you want to purchase is to call us. You will be designated a Jade consultant who will handle your application, source you a quote for your boat loan and on acceptance of our quote, will handle the paperwork and even liaise with the seller if you desire.
Can’t wait? Head over to our online boat loan calculator for a ballpark figure on your boat loan or ask for a fast approvals process to get you onto the water quickly.
Key features of secured boat loans
- All our loans are based on our signature Jade low interest rates
- We use our negotiating prowess and bargaining power to get you the cheapest rate on your boat loan
- The interest rate is fixed for the term of the loan
- Fixed monthly repayments. Your Jade consultant will discuss your financial goals and structure the loan with a repayment that fits with your budget
- The payments and term of the loan are fixed
- If your financial situation changes and you choose to pay off your boat loan faster, you can make additional payments
- If you choose to finalise the loan before the end of the loan term, a secured boat loan attracts minimal ‘break fees’
- As the title implies, the lender uses the watercraft as collateral, or security, over the loan. This security is registered and once you have finalised all the payments, this security is released.
- Some lenders may have age restrictions on the boats they will finance. But Jade Boat Loans have the expertise and connections to know which companies will offer the best deal on the boat you are purchasing
- Available for both new and used boat purchases
- Available for most types of vessels, dependent on individual lender guidelines
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THE COMPARISON RATE IS CALCULATED ON A SECURED LOAN OF $30,000 FIXED FOR A TERM OF 5 YEARS, NEW GOODS, EFFECTIVE 21/12/2024 AND SUBJECT TO CHANGE. WARNING: THE COMPARISON RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT COMPARISON RATE.
We work harder to secure the best rates.
Secured Boat Loan FAQs
Secured Boat Loans are the most popular type of loan for most boat purchases. The loans offered by Jade follow a standard loan format but are individually sourced. So if the information on our web page didn’t address all the detail you need to proceed, hopefully we have covered that right here. As all our loan applications are treated individually, please contact us for a quick quote on your specific requirements. For a no-obligation conversation call 1300 000 003.
No. Requesting a quote is not considered as an obligation or an indication to proceed with a marine loan. It is merely requesting a quote.
Jade will source you a quote for the cheapest loan that meets your requirements from across our lending panel. The quote or loan offer we present to you will be valid for a set time period.
That timeframe will be indicated when you receive the quote. You are not obligated to proceed with a formal loan application based on a quote. If you do choose to accept the quote, then your application will be officially processed.
No secured marine loans at a fixed interest rate. The rate is based on the interest rate current at the time the loan is established and your individual application. The interest rate charged on your loan will remain at that fixed level for the full term of your loan.
If you miss a payment that is known as defaulting on your loan. When a borrower defaults on a secured loan, the lender could have the right to repossess the watercraft being held as security. The repossession procedure does not always commence after one missed payment. There is a process which is usually adhered to under these circumstances. It may initially involve reminders from the lender in regard to the missed payment(s) and further follow-up by phone or other means. After multiple missed payments a loan is deemed in default and repossession procedures are commenced by the lender. If you normal repayments are resumed and the missed payment made, no further action may be applied by the lender. Missed payments are usually recorded in your credit history and that will reflect negatively on your credit profile which may impact future loan applications. Fees, penalties and additional interest may also be incurred.
Yes. Borrowers are permitted to make additional payments at any time throughout the loan term. These can be intermittent payments or you can choose to make regular extra payments. By making extra payments while still maintaining the fixed repayment schedule the loan will be paid out earlier than the fixed loan term. Break fees will apply for paying out a loan early. The break fees are minimal on secured loans but should be taken into consideration when making the additional payments. In some cases any extra payments are paying forward the loan schedule repayments and therefore allow you to pause payments in line with the extra payments made. Alternatively, continue paying the regular repayments plus the extras and finalise the loan earlier and pay less interest.
A Secured Marine Loan has a very straightforward format. The lender accepts the boat as security against the loan and the borrower repays the loan in equal monthly repayments over the agree loan term. This type of loan is set at a fixed interest rate and has fixed repayments and a fixed loan term. When the loan is finalised, the lender relinquishes any claim over the vessel. This type of loan is the most commonly used form of boats used for personal use and can be used to purchase most types of boats.